KBR (KBR) Shares Gap Down to $20.59

Shares of KBR, Inc. (NYSE:KBR) gapped down before the market opened on Thursday . The stock had previously closed at $21.07, but opened at $20.59. KBR shares last traded at $19.77, with a volume of 3455569 shares traded.

A number of analysts have commented on the stock. Macquarie lowered shares of KBR from an “outperform” rating to a “neutral” rating and set a $22.00 target price for the company. in a report on Wednesday, September 19th. Bank of America lifted their target price on shares of KBR from $20.00 to $24.00 and gave the stock a “buy” rating in a report on Monday, August 13th. TheStreet raised shares of KBR from a “c+” rating to a “b-” rating in a report on Thursday, August 2nd. Credit Suisse Group lifted their target price on shares of KBR from $16.00 to $19.00 and gave the stock a “neutral” rating in a report on Tuesday, July 31st. Finally, MKM Partners set a $25.00 target price on shares of KBR and gave the stock a “buy” rating in a report on Tuesday, July 31st. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $22.18.

The firm has a market cap of $2.97 billion, a PE ratio of 13.33, a price-to-earnings-growth ratio of 1.66 and a beta of 1.17. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.28 and a current ratio of 1.28.

KBR (NYSE:KBR) last announced its quarterly earnings results on Monday, July 30th. The construction company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.01. KBR had a net margin of 11.69% and a return on equity of 14.21%. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the previous year, the business earned $0.57 EPS. The firm’s revenue was up 15.8% on a year-over-year basis. On average, equities research analysts anticipate that KBR, Inc. will post 1.45 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Monday, December 17th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend is Friday, December 14th. KBR’s dividend payout ratio (DPR) is 21.48%.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. lifted its position in KBR by 2.3% during the 1st quarter. BlackRock Inc. now owns 15,084,078 shares of the construction company’s stock worth $244,211,000 after buying an additional 343,215 shares in the last quarter. New York State Common Retirement Fund lifted its position in KBR by 13.3% during the 1st quarter. New York State Common Retirement Fund now owns 174,408 shares of the construction company’s stock worth $2,824,000 after buying an additional 20,508 shares in the last quarter. Principal Financial Group Inc. lifted its position in KBR by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 618,325 shares of the construction company’s stock worth $10,010,000 after buying an additional 16,548 shares in the last quarter. BB&T Securities LLC lifted its position in KBR by 68.8% during the 1st quarter. BB&T Securities LLC now owns 52,400 shares of the construction company’s stock worth $848,000 after buying an additional 21,350 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC lifted its position in KBR by 56.4% during the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 28,701 shares of the construction company’s stock worth $465,000 after buying an additional 10,355 shares in the last quarter. 97.32% of the stock is currently owned by institutional investors and hedge funds.

KBR Company Profile (NYSE:KBR)

KBR, Inc provides professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries worldwide. The company operates through three segments: Government Services, Technology & Consulting, and Engineering & Construction. The Government Services segment offers life-cycle support solutions to defense, space, aviation, and other programs and missions for government agencies in the United States, the United Kingdom, and Australia.

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